Question: A $ 3 0 0 0 , 8 . 0 % bond redeemable at par in seven years bears coupons payable annually. Compute the premium

A $3000,8.0% bond redeemable at par in seven years bears coupons payable annually. Compute the premium or discount and the purchase price if the yield, compounded annually, is 6.5%,7.5%,
and 8.5%.
 A $3000,8.0% bond redeemable at par in seven years bears coupons

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